Can Your In-House Accounting Grow with Your Company?

Your business is growing fast. In the past couple of years, you have added multiple new locations and added new products to your line, along with adding employees to handle the growth.

As this growth continues, you begin to wonder if your current internal accounting department can handle it. For years, you had one location and less volume, and your internal accounting staff was able to handle the financials with ease. With new locations in different states and an increase in the volume of transactions that come with a growing business, you may not be as confident.

When companies encounter these types of growing pains, they should consider providing additional resources to their internal accounting team or outsourcing those services. This is where client accounting services could be a solution.

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Experienced In-House Accountant

As you look to possibly beef up your accounting department, you ask yourself, “If our company continues to grow, will I have to continue to make these investments and apply additional resources such as staffing, technology, and HR into that area of my business?”

Finding qualified individuals can be a challenge. Whether you are looking for additional staff or are managing turnover, you will need to dig deep to find the individuals you feel will help your company and then provide resources for proper onboarding and training. This will require time of your current staff, which could impact productivity and will increase the payroll expenses of the business.

The continual advancement in technology may also require additional time and resources within your accounting department. Many accounting software continue to make changes to work in a more global environment, which may require increased software costs and staff training.

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Client Accounting Services (CAS)

Now you look to see what client accounting services have to offer. As you are doing your research, you start to notice some benefits to your liking:

Team Approach

With client accounting services, you get a team to help you. You may regularly communicate with one person but if that person were to leave, you will have others who know your business that can fill in seamlessly. You don’t have to worry about your accountant walking out and leaving you high and dry.

Industry Expertise

Firms that offer client accounting services usually have access to accountants who cover many industries and services and can pull them in to assist when needed. Again, the power of the team approach. Their expertise is always available to help you run your business efficiently.

Scalability

Client accounting services can grow with you and provide guidance as you move forward.

Peace of Mind

As a business owner, you want to focus on ways to grow your business and be on the frontline of that growth. CAS can give you that peace of mind to know your accounting functions are being handled. This allows you to focus on your customers, your employees, and your growth.

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Hire a Team to Help Your Business Grow

As you continue to look at what client accounting services have to offer, you begin to see the scale tip in its favor. Even if the cost of using CAS services is the same or a little more than hiring an in-house accountant, you are not hiring a single person but a team of professionals with expertise in a wide variety of industries to help your business.

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On the Fence?

If you are in the situation above and still not sure if CAS is right for your business, please reach out to one of our professionals. They will listen to your needs and learn more about your business to give you the best advice possible regarding client accounting services.